NOT LISTED FOR SALE

3574 Ridgeway Ave Madison, WI 53704

Estimated Value: $435,591 - $537,000

6 Beds
3 Baths
2,145 Sq Ft
$224/Sq Ft Est. Value

Sale Details

Date Sold: December 30, 2020

Last sale price $303,000 $141 Per Sq Ft

Est. 59% increase in value since last sale

Current estimated payment $3,324 / mo

4 Days on Market

Highlights

  • Wood Flooring
  • Balcony
  • Laundry Room
  • Fenced Yard
  • Eat-In Kitchen
  • En-Suite Primary Bedroom

About This Home

As of December 2020

Great for owner-occupy or as addition to portfolio! Superb location within walking distance of MATC, bike paths & main bus routes. Both units boast 2-car garage w/ opener, driveway parking & fenced-in backyard. 3 bed/2 bath unit sports master bath, open concept, hardwd floors & kitchen island.In-unit laundry on both sides. Long-term tenants on both sides! Tenants do ALL shoveling & mowing. Rent has stayed consistent for long term tenants but in an area that allows for an increase. Both leases have clauses for tenants to move out within 60 days if new owner would like to occupy. Opportunity to upgrade units and move rents up to a market prices for better returns. Don't miss out on a excellent investment opportunity!

Last Agent to Sell the Property

Scott Farrey

Winterberry Realty, LLC. License #87114-94 Listed on: 11/20/2020

Last Buyer's Agent

Brent Huebner

Huebner Properties LLC License #55468-90

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $6,149

Lot Details

  • 8,712 Sq Ft Lot
  • Fenced Yard

Parking

  • 4 Covered Spaces

Home Design

  • Duplex
  • Vinyl Siding

Interior Spaces

  • En-Suite Primary Bedroom
  • Family Room
  • Dining Room
  • Wood Flooring
  • Basement Fills Entire Space Under The House

Kitchen

  • Eat-In Kitchen
  • Oven or Range
  • Dishwasher

Laundry

  • Laundry Room
  • Washer and Dryer

Schools

  • Hawthorne Elementary School
  • Okeeffe Middle School
  • East High School

Utilities

  • Forced Air Heating and Cooling System
  • Separate Meters
  • Individual Controls for Heating
  • Separate Water Meter

Additional Features

  • Balcony
  • Property is near bus stop

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 081032103046

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$6,149

Lot Details

8,712 Sq Ft Lot

Listing Details

  • Municipality: Madison
  • Status Detail: Sold
  • Mailing City: Madison
  • Class: Multi Family
  • Type: Multi Family
  • Type Of Property: Duplex-side by side
  • Items Excluded: Renter's Personal Property
  • Items Included: 2 range/ovens, 2 Refridgerators, 2 dishwashers, 2 washers, 2 dryers, 2 garage door openers
  • Miscellaneous: Close to bus line, Fenced yard
  • Year Built: 999
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Basement: Full
  • Number Dish Washers: 2
  • Number Dryers: 2
  • Number Units W Ac: 2
  • Number Washers: 2
  • Number Water Softeners: 1

Exterior Features

  • Exterior: Vinyl

Garage/Parking

  • Heating Fuel: Natural Gas
  • Heating Type: Forced air
  • Parking Stalls Inside: 4
  • Parking Stalls Outside: 4

Utilities

  • Water Waste: Municipal water, Municipal sewer
  • Park Unit: 2 stall garage
  • Utilities: Separate elec meters, Separate gas meters, Separate water meters

Schools

  • Elementary School: Hawthorne
  • High School: East
  • Middle School: OKeeffe
  • School District: Madison

Lot Info

  • Estimated Aces: 0.2
  • Zoning: R4

Rental Info

  • Total Income: 27000

Tax Info

  • Net Taxes: 6149
  • Tax Year: 2019
  • Assessor Parcel Number: 081032103046

Multi Family

  • Number Of3 Bedrooms: 2
  • Number Of Units: 2

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 20, 2020
Closed on
Dec 30, 2020
Sold by
Farrey Heidi M and Farrey Brandon W
Bought by
Nyberg Allen Nilson
Seller's Agent
Scott Farrey
Winterberry Realty, LLC.
Buyer's Agent
Brent Huebner
Huebner Properties LLC
List Price
$278,000
Sold Price
$303,000
Premium/Discount to List
$25,000
8.99%
Current Estimated Value
$480,648

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$177,648
Avg. Annual Appreciation
8.99%
Original Mortgage
$287,850
Outstanding Balance
$253,305
Interest Rate
2.7%
Mortgage Type
New Conventional
Estimated Equity
$227,343

Purchase Details

Listed on
May 8, 2013
Closed on
Nov 19, 2013
Sold by
Es Properties Llc
Bought by
Farrey Heidi M and Farrey Brandon W
Seller's Agent
Jerry Wheeler
South Central Non-Member
Buyer's Agent
Laura Lahti
Y Realty Wisconsin
List Price
$259,000
Sold Price
$238,000
Premium/Discount to List
-$21,000
-8.11%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
3.45%
Original Mortgage
$178,500
Interest Rate
4.3%
Mortgage Type
New Conventional

Purchase Details

Closed on
Jan 19, 2013
Sold by
Laubmeier Property Management
Bought by
Es Properties Llc

Purchase Details

Closed on
Dec 22, 2006
Sold by
Laubmeier Greg
Bought by
Laubmeier Property Management

Purchase Details

Closed on
Apr 21, 2005
Sold by
Laubmeier Propery Management Llc
Bought by
Laubmejer Greg
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
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List Price
Sold Price
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Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
Nyberg Allen Nilson $303,000 None Available
Farrey Heidi M $238,000 Nations Title
Es Properties Llc -- None Available
Laubmeier Property Management -- None Available
Laubmejer Greg -- None Available
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open Nyberg Allen Nilson $287,850
Previous Owner Farrey Heidi M $178,500
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/30/2020 12/30/20 Sold $303,000 +9.0% $141 / Sq Ft
11/24/2020 11/24/20 Pending -- -- --
11/20/2020 11/20/20 For Sale $278,000 +16.8% $130 / Sq Ft
11/19/2013 11/19/13 Sold $238,000 -8.1% $97 / Sq Ft View Prior Sale
10/02/2013 10/02/13 Pending -- -- --
05/08/2013 05/08/13 For Sale $259,000 -- $106 / Sq Ft
Source: South Central Wisconsin Multiple Listing Service

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,676 $427,500 $59,100 $368,400
2024 $13,054 $388,600 $59,100 $329,500
2023 $7,242 $366,600 $55,800 $310,800
2022 $13,689 $333,300 $54,500 $278,800
2021 $6,507 $303,000 $48,700 $254,300
2020 $6,351 $286,200 $44,700 $241,500
2019 $6,180 $272,600 $42,600 $230,000
2018 $6,061 $272,600 $42,600 $230,000
2017 $6,422 $247,800 $38,700 $209,100
2016 $5,519 $225,300 $38,700 $186,600
2015 $5,166 $238,000 $38,700 $199,300
2014 $5,688 $238,000 $38,700 $199,300
2013 $4,476 $197,600 $37,200 $160,400
Source: Public Records

Agents Affiliated with this Home

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Map

Source: South Central Wisconsin Multiple Listing Service

MLS Number: 1898275

South Central Wisconsin Multiple Listing Service

APN: 0810-321-0304-6

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